Cricket Media - Finland

Finland

Highlights

Revenue in the Cricket Media market is projected to reach US$320.10k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.80%, resulting in a projected market volume of US$333.10k by 2029.
In global comparison, most revenue will be generated India (US$1.16bn in 2024).
The average revenue per user (ARPU) in the Cricket Media market is projected to amount to US$5.10 in 2024.
In the Cricket Media market, the number of users is expected to amount to 63.3k users by 2029.
User penetration in the Cricket Media market will be at 1.1% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cricket Media Market in Finland has seen a minimal decline in growth due to factors such as limited resources for media production and low consumer interest in the sport. Despite this, the market is still driven by the convenience of online services, promoting health awareness among viewers and the adoption of digital technologies.

Customer preferences: The Cricket Media market in Finland has been impacted by the increasing popularity of online streaming platforms and mobile devices, leading to a decline in traditional cable and satellite subscriptions. This shift has been largely driven by younger demographics who prefer the convenience and flexibility of on-demand content. Additionally, the rise of digital advertising and social media has allowed for more targeted and personalized marketing, creating a more engaging and interactive experience for consumers. This trend is expected to continue as the use of technology and digital media becomes more prevalent in Finnish society.

Trends in the market: In Finland, the Cricket Media Market within the Sports Market is experiencing a shift towards digital media consumption, with an increasing number of fans turning to online platforms for live streaming and highlights. Additionally, there is a rise in the popularity of fantasy cricket games, enabling fans to engage with the sport in a new way. This trend is expected to continue, driven by the growing availability of high-speed internet and the development of mobile applications. These changes present opportunities for industry stakeholders, such as broadcasters and advertisers, to tap into a wider audience and create new revenue streams. However, they also face the challenge of adapting their traditional business models to the digital landscape. As such, strategic partnerships and investments in technology will be critical to stay competitive in the evolving Cricket Media Market in Finland.

Local special circumstances: In Finland, the Cricket Media Market has been steadily growing due to the countrys keen interest in sports and its high internet and smartphone penetration rates. The market is also heavily influenced by the countrys strict media regulations, which have created a unique market landscape. Similarly, in the larger European Cricket Market, Finland stands out for its winter climate, which leads to specific challenges and opportunities for the growth of the sport. Additionally, the countrys strong emphasis on equality and inclusivity is reflected in the diverse range of media offerings and content catering to different demographics within the Cricket Market.

Underlying macroeconomic factors: The Cricket Media Market within the Sports Market in Finland is primarily influenced by macroeconomic factors such as the countrys strong economic health and favorable fiscal policies. Finlands stable economic environment and government support for the sports industry create a conducive market for cricket media. Additionally, the growing global trend of digital media and the increasing popularity of cricket in Finland are driving the demand for digital cricket content. Furthermore, the countrys high investment in sports infrastructure and technology enhances the market potential for cricket media, creating opportunities for growth and development in the industry.

Data coverage:

The data encompasses B2B revenues. Figures are based on media spending from businesses to several clubs. That also includes the revenues from advertising as this is part of media and broadcasting contracts the individual clubs have with their respective leagues.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per ticket, price on sport goods). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function or linear forecasting, as it fits the development of either strong growing markets or more sophistacted and saturated markets, such as soccer in Europe.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). We also account for the different cycles of international tournaments, such as world cups or continent cups. Consumer Insights data is reweighted for representativeness.